Consumer research site, moneynet, has published its seventh online brochure in the series of personal finance product guides. The student finance guide, collated by two graduates at moneynet, was generated in response to requests moneynet received from parents, students and prospective students who had serious financial concerns about how to fund university.Graduates are reportedly leaving university with debts of over 13,000.

Child Trust Funds as a long term measure to assist with the costs of higher education, there is pressure on financial providers to not only consider the type of financial product they offer students, but to additionally review how they communicate complex terms to this young market and to ensure students have a solid understanding of the personal finance market.

Key recommendations include: * Gathering as many savings as possible before university, through birthday and Christmas presents, summer jobs, part-time jobs and any other savings accounts * Shopping around for the best deals on household insurance, current accounts and savings accounts * Bulk buying weekly groceries and being strict about spending, borrowing and lendingRichard Brown, Chief Executive of Moneynet said “We all understand the importance of budgeting, but for students this can be especially difficult.

Pages: 1 2